| Summary of Financial Instruments Carried at Fair Value and Their Valuation by Respective Pricing Levels |
The following table presents the financial instruments that are carried at fair value and summarizes their valuation by the respective pricing levels as of September 30, 2026 and December 31, 2025:
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As of September 30, 2026 |
|
(In thousands) |
|
Total |
|
|
Quoted
Market
Prices in
Active Markets
(Level 1) |
|
|
Significant
Other
Observable
Inputs
(Level 2) |
|
|
Significant
Unobservable
Inputs
(Level 3) |
|
Assets carried at fair value |
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|
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|
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|
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|
|
Money market funds |
|
$ |
19,442 |
|
|
$ |
19,442 |
|
|
$ |
— |
|
|
$ |
— |
|
Time deposits |
|
|
18,200 |
|
|
|
— |
|
|
|
18,200 |
|
|
|
— |
|
U.S. Government bonds and notes |
|
|
156,615 |
|
|
|
— |
|
|
|
156,615 |
|
|
|
— |
|
Non-U.S. Government bonds and notes |
|
|
7,841 |
|
|
|
— |
|
|
|
7,841 |
|
|
|
— |
|
Corporate bonds, commercial paper and notes |
|
|
499,295 |
|
|
|
— |
|
|
|
499,295 |
|
|
|
— |
|
Total assets carried at fair value |
|
$ |
701,393 |
|
|
$ |
19,442 |
|
|
$ |
681,951 |
|
|
$ |
— |
|
|
|
|
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|
|
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|
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|
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|
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|
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|
|
As of December 31, 2025 |
|
(In thousands) |
|
Total |
|
|
Quoted
Market
Prices in
Active Markets
(Level 1) |
|
|
Significant
Other
Observable
Inputs
(Level 2) |
|
|
Significant
Unobservable
Inputs
(Level 3) |
|
Assets carried at fair value |
|
|
|
|
|
|
|
|
|
|
|
|
Money market funds |
|
$ |
47,277 |
|
|
$ |
47,277 |
|
|
$ |
— |
|
|
$ |
— |
|
Time deposits |
|
|
15,540 |
|
|
|
— |
|
|
|
15,540 |
|
|
|
— |
|
U.S. Government bonds and notes |
|
|
178,297 |
|
|
|
— |
|
|
|
178,297 |
|
|
|
— |
|
Non-U.S. Government bonds and notes |
|
|
3,983 |
|
|
|
— |
|
|
|
3,983 |
|
|
|
— |
|
Corporate bonds, commercial paper and notes |
|
|
448,901 |
|
|
|
— |
|
|
|
448,901 |
|
|
|
— |
|
Total assets carried at fair value |
|
$ |
693,998 |
|
|
$ |
47,277 |
|
|
$ |
646,721 |
|
|
$ |
— |
|
|